Monday, June 11, 2012
I wanted to let your membership know that FEMA has issued a new draft Flood Insurance Study to Greenville County. A statutory 90 day appeal period for the new study was initiated on April 20, 2012 and you can find additional details on the Greenville County website (www.greenvillecounty.org).
When the study becomes effective, the Flood Insurance Rate Maps will change to reflect new or revised flood modeling where applicable. Flood elevations may increase, decrease or remain unchanged. Many areas with approximated flood zone delineations will now have actual flood elevations shown on the maps.
Agents, please note that if your clients are doing a loan with USDA, that the expected time frame for closing should be extended by a minimum of 30 days to account for USDA to do their own underwriting. This is IN ADDITION to your standard 45 days for your local lenders underwriting for a total minimum of 75 days.
Keller Williams. If you or someone you know needs 100% financing, contact us today. USDA offers a great program to qualifying clients and what is considered "rural" locations will surprise you!
Have you been to Simpsonville? Well, welcome to our "rural". Patience and the right agent can save you thousands!! Call us today and schedule time to meet with one of our experienced & top producing agents for the Greenville MLS.
The Connie Rice Team